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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of activity of stock incentive and equity plans
   Shares
available
for
grant
   Number of
options
outstanding
   Weighted-
average
option
exercise price
   Number of
restricted
stock shares
issued
   Number of
RSUs
outstanding
 
Outstanding at January 1, 2020   276,386    22,839   $13.48    99,570    54,003 
Granted   (24,627)   
-
    
-
    
-
    7,347 
Exercised/issued   
-
    (2,250)   
-
    
-
    (3,597)
Canceled/forfeited   40,596    (489)   202.56    
-
    (9,000)
Outstanding at December 31, 2020   292,355    20,100    9.71    99,570    48,753 
Granted   (59,580)   
-
    
-
    
-
    28,030 
Exercised/issued   
-
    (15,000)   6.10    
-
    (3,750)
Canceled/forfeited   71,956    (1,050)   44.10    
-
    (45,003)
Outstanding at December 31, 2021   304,731    4,050   $14.16    99,570    28,030 

 

Schedule of exercise prices of outstanding options
Exercise price   Number of
options
outstanding
    Average
remaining
contractual life
(years)
    Number of
options
exercisable
 
$6.10 - $8.34     3,250       5.16       3,250  
$44.10     800       2.94       800  
                         
      4,050       3.20       4,050  

 

Schedule of non-vested options
   Non-
vested
options
   Weighted-
average
option
exercise
price
 
Non-vested at January 1, 2020   4,866   $6.10 
Granted   
-
    
-
 
Vested   (4,866)   6.10 
Cancelled   
-
    
-
 
Non-vested at December 31, 2020   
-
    
-
 
Granted   
-
    
-
 
Vested   
-
    
-
 
Cancelled   
-
    
-
 
Non-vested at December 31, 2021   
-
   $
-
 

 

Schedule of award vesting terms for the RSUs granted
Number of RSUs  Target price 
12,500  $12.00 
12,500  $13.00 

 

Schedule of valuation technique to determine the fair value of RSU
    Granted  
    December
2021
 
Daily expected stock price volatility     2.1383 %
Daily expected dividend yield     0.0 %
Average daily risk-free interest rate     0.0039 %

 

Schedule of Company’s RSUs
   RSUs
outstanding
   Weighted-average
price at
time of grant
   Aggregate
intrinsic
value
 
Non-vested RSUs as of January 1, 2020   54,003   $6.56     
Granted   7,347    8.34      
Vested   (3,597)   8.34      
Cancelled   (9,000)   8.36      
Non-vested RSUs as of December 31, 2020   48,753    6.34      
Granted   28,030    9.90      
Vested   (3,750)   8.00      
Cancelled   (45,003)   7.45      
Non-vested RSUs at December 31, 2021   28,030   $7.28   $204,062